Univision Communications is preparing for a restructuring and a change at the top as the company confirmed CEO Randy Falco is preparing his exit, just four months after he signed a two-year contract extension.
Word of Falcos plan to retire comes one day after Univision acknowledged that it has tabled plans for the IPO that it first registered for in 2015. The Wall Street Journal reported Wednesday night that the Univision board was considered replacements for Falco. In a statement, Univision said Falco had recently approached the board about accelerating his retirement. Falco, who was a longtime NBC executive and ran AOL after its separation from Time Warner, will be 65 at the end of this year. He has been at the helm of the Spanish-lan…
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